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Income Tax Latest News by CBDT

Income Tax: CBDT mandates PAN of authors/ founders/ trustees/ managers in Form 10A РNotification No. 67/2016 dated 09/08/2016.

CBDT: dated 5th August, 2016 Press Release РFramework for computation of book profit for the purposes of levy of MAT under section 115JB of the Income-tax Act, 1961 for Indian Accounting Standards (Ind AS) compliant companies.

CBDT vide circular no. 28/2016 dated July 27, 2016 has clarified that a person born on 1st April would be considered to have attained a particular age on 31st March, the day preceding the anniversary of his/her birthday.